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Nusantara Resources Ltd.
Summary
| Project: | Awak Mas | |
|---|---|---|
| Deposit: | Salu Bulo | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver | |
| Date: | 4/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2018: Nusantara Resources Ltd. announces an Exploration/Drilling Update report for its Salu Bulo deposit at the Awak Mas project. Drilling results incl. 41.7m @ 2.0g/t Au, 0.7g/t Ag from 288.9m. Asia‐Pacific gold development Company Nusantara Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin McMillan (Internal) | |
| ABSTRACT: | Asia‐Pacific gold development Company Nusantara Resources Limited (‘Nusantara’, ASX: NUS) is pleased to provide the following update on the recently completed Awak Mas Highwall (‘Eastern Extension’) exploration drilling program at its 100%-owned Awak Mas Gold Project located in South Sulawesi, Indonesia. The initial phase of the ‘Mine Corridor’ exploration program (refer to ASX announcement “High Impact Exploration Drilling Program Underway” dated 20 December 2017) involved six diamond drill holes for 2,726.5 m to test for extensions to the Awak Mas deposit mineralisation to the east and across the recognised Awak Mas Highwall fault. Results from the first three holes (HWD001, HWD002 and RTD023, refer to ASX announcement “Eastern Extension to Awak Deposit Confirmed” dated 8 March 2018) supported the new exploration model between the Awak Mas and Salu deposits and confirmed the potential for the continuity of gold mineralisation, intersecting three mineralised horizons compatible with the Upper, Middle and Lower Rante zones within the Awak Mas deposit. “These results provide strong evidence of the potential continuation of mineralisation between Awak Mas and Salu Bulo. The strong grades and widths are very exciting and significantly contribute to the planned late-April MRE update. This further confirmation of our geological model will greatly assist us in unlocking the true potential of this emerging gold field.” commented Nusantara’s Managing Director and CEO, Mike Spreadborough. “Our successful confirmation of our geological model provides confidence that further exploration upside exists along the under explored Mine Corridor between the Awak Mas and Salu Bulo deposits.” | |
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